Restaurant and shopping review company Yelp executed its initial public offering, and its stock was trading up to 73% higher than its $15 pricing at its debut on Nasdaq.
Coupled with the so-far-successful TripAdvisor’s IPO, the dual public-market fundraisers amount to a resounding endorsement of travel reviews and user generated content. Yelped raised $107.3 million in the IPO, according to Bloomberg.
If Yelp’s stock is moving on Nasdaq, the company’s 66 million monthly unique visitors, many of whom have penned some of its 25 million reviews, are also on the move.
Read full story at: http://www.tnooz.com/2012/03/02/news/yelp-ipo-on-the-move-in-stock-market-and-mobile/
